PMNT.TO vs. IGB.TO

Last updated Aug 4, 2026

PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) and IGB.TO (Purpose Global Bond Class) are both exchange-traded funds - PMNT.TO is a Ultrashort Bond fund actively managed by PIMCO, while IGB.TO is a Global Bonds fund actively managed by Purpose. Both are actively managed. Over the past 5 years, PMNT.TO returned 2.97%/yr vs 2.43%/yr for IGB.TO. Their 0.06 correlation means their historical movements had little consistent relationship. PMNT.TO charges 0.39%/yr vs 0.55%/yr for IGB.TO.

Performance

PMNT.TO vs. IGB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) and Purpose Global Bond Class (IGB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMNT.TO achieves a 1.69% return, which is significantly higher than IGB.TO's -0.31% return.

PMNT.TO

• 1D: 0.05%
• 1M: 0.15%
• 6M: 1.46%
• YTD: 1.69%
• 1Y: 3.01%
• 3Y*: 4.13%
• 5Y*: 2.97%
• 10Y*: —
• ALL TIME*: 2.53%

IGB.TO

• 1D: -0.17%
• 1M: -1.59%
• 6M: -0.65%
• YTD: -0.31%
• 1Y: 1.43%
• 3Y*: 5.90%
• 5Y*: 2.43%
• 10Y*: —
• ALL TIME*: 2.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGB.TO Purpose Global Bond Class	CA$189.94K	CA$172.47K	CA$285.92K
PMNT.TO PIMCO Global Short Maturity Fund (Canada)	CA$78.37K	CA$50.53K	CA$54.61K

PMNT.TO vs. IGB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PMNT.TO PIMCO Global Short Maturity Fund (Canada)	1.69%	3.11%	5.26%	5.42%	-0.37%	0.35%	1.21%	2.41%
IGB.TO Purpose Global Bond Class	-0.31%	6.05%	7.47%	7.40%	-7.68%	2.50%	6.12%	2.86%

Correlation

The correlation between PMNT.TO and IGB.TO is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.00
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (5Y) Shows whether the relationship held over a longer period.	0.05
Correlation (All Time) Calculated using the full available price history since Feb 1, 2019	0.06

Return for Risk

PMNT.TO vs. IGB.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PMNT.TO

PMNT.TO Risk / Return Rank: 83
PMNT.TO Sharpe Ratio Rank: 70
PMNT.TO Sortino Ratio Rank: 73
PMNT.TO Omega Ratio Rank: 90
PMNT.TO Calmar Ratio Rank: 93
PMNT.TO Martin Ratio Rank: 91

IGB.TO

IGB.TO Risk / Return Rank: 22
IGB.TO Sharpe Ratio Rank: 23
IGB.TO Sortino Ratio Rank: 22
IGB.TO Omega Ratio Rank: 22
IGB.TO Calmar Ratio Rank: 20
IGB.TO Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PMNT.TO vs. IGB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) and Purpose Global Bond Class (IGB.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PMNT.TO	IGB.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.78	0.55	+1.23
Sortino ratio: Return per unit of downside risk	2.61	0.83	+1.78
Omega ratio: Gain probability vs. loss probability	1.45	1.10	+0.34
Calmar ratio: Return relative to maximum drawdown	4.80	0.54	+4.25
Martin ratio: Return relative to average drawdown	15.95	1.84	+14.11

PMNT.TO vs. IGB.TO - Sharpe Ratio Comparison

The current PMNT.TO Sharpe Ratio is 1.78, which is higher than the IGB.TO Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of PMNT.TO and IGB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMNT.TO vs. IGB.TO - Drawdown Comparison

The maximum PMNT.TO drawdown since its inception was -6.81%, smaller than the maximum IGB.TO drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for PMNT.TO and IGB.TO.

Drawdown Indicators

	PMNT.TO	IGB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.81%	-16.40%	+9.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.63%	-2.86%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-1.15%	-4.28%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-1.94%	-12.34%	+10.40%
Current Drawdown Current decline from peak	0.00%	-1.59%	+1.59%
Average Drawdown Average peak-to-trough decline	-0.36%	-2.37%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	0.84%	-0.65%

Volatility

PMNT.TO vs. IGB.TO - Volatility Comparison

The current volatility for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) is 0.28%, while Purpose Global Bond Class (IGB.TO) has a volatility of 0.76%. This indicates that PMNT.TO experiences smaller price fluctuations and is considered to be less risky than IGB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMNT.TO	IGB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	0.76%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	0.71%	2.39%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	1.70%	2.82%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.13%	4.79%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.18%	5.74%	-2.56%

PMNT.TO vs. IGB.TO - Expense Ratio Comparison

PMNT.TO has a 0.39% expense ratio, which is lower than IGB.TO's 0.55% expense ratio.

Dividends

PMNT.TO vs. IGB.TO - Dividend Comparison

PMNT.TO's dividend yield for the trailing twelve months is around 4.38%, less than IGB.TO's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IGB.TO Purpose Global Bond Class	4.88%	5.18%	5.23%	4.58%	4.14%	3.67%	3.48%	2.86%	1.58%
PMNT.TO PIMCO Global Short Maturity Fund (Canada)	4.38%	4.65%	5.48%	4.92%	2.60%	1.17%	2.68%	2.09%	0.00%

Frequently Asked Questions

Can I hold both PMNT.TO and IGB.TO in my portfolio?

PMNT.TO and IGB.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMNT.TO or IGB.TO?

On fees, PMNT.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PMNT.TO or IGB.TO?

PMNT.TO is cheaper with a 0.39% expense ratio, compared with 0.55% for IGB.TO.

What is the main difference between PMNT.TO and IGB.TO?

PMNT.TO is categorized as Ultrashort Bond, while IGB.TO is Global Bonds. They also come from different issuers: PIMCO and Purpose. Their fees differ too: 0.39% for PMNT.TO and 0.55% for IGB.TO.